27 Jul
Member News

Houlihan Lokey Advises Agilex Fragrances

Houlihan Lokey is pleased to announce that Agilex Fragrances, a portfolio company of MidOcean Partners, has been acquired by Firmenich International SA (Firmenich). Financial terms of the transaction were not disclosed. The transaction closed on July 11, 2017. Headquartered in Piscataway, New Jersey, Agilex Fragrances is a leading provider of fragrance compounds and delivery systems to mid-sized customers. The company possesses leading creative and technical capabilities for the customers it serves, which are primarily manufacturers of air care, home care,...

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27 Jul
Chapter News

Werner Hoyer re-appointed as President of the European Investment Bank Group

President Werner Hoyer will lead the European Investment Bank (EIB) for another six-year term, starting on 1st of January 2018. He was reappointed today by the Board of Governors of the EIB, consisting of the Economy and Finance ministers of the 28 EU Member States. Werner Hoyer started his tenure as President of the EU bank on 1 January 2012, and is also the Chairman of the EIB’s Board of Directors. Over the last five and a half years he has...

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26 Jul
Member News

USCIS Adopts AAO Decision Setting Accreditation Guidelines for H-1B Master’s Cap Eligibility

  On May 23, 2017, U.S. Citizenship and Immigration Services (USCIS) issued a policy memorandum adopting the Administrative Appeals Office’s (AAO) decision in the case Matter of A-T-Inc. The adopted decision establishes binding policy guidance for USCIS adjudicators on the issue of when a degree-conferring institution must be accredited for purposes of qualifying for the H-1B advanced-degree exemption (i.e., the “master’s cap” exemption). Specifically, the adopted decision provides clarification that the university or college where the beneficiary obtained his or her advanced degree must...

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26 Jul
Member News

USCIS Revises Form I-9: What’s New?

  U.S. Citizenship and Immigration Services (USCIS) published a new edition of the I-9, Employment Eligibility Verification Form on July 17, 2017. Employers may now use the revised version, dated 07/17/17 N, or continue using the Form I-9 with a revision date of 11/14/16 N through September 17, 2017. On September 18, 2017, the 07/17/17 N edition of the Form I-9 will become mandatory. Employers must also continue to follow existing storage and retention rules for any previously completed Forms I-9. Form I-9...

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26 Jul
Member News

Is Winter Coming For Big Law?

  The House of Stark is back! And given who we are, we couldn’t help but ask: “Is Winter Coming for Big Law?” We know the legal industry is changing by the day - and tons of work that used to be locked up with certain firms is now up for grabs.   The most innovative GCs are unbundling their legal relationships from the highest priced, big-ticket firms. Today's GC doesn’t want to be paying $1M for a $100 million M&A matter...

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26 Jul
Member News, Uncategorized

Stout Advises on Sale of Lloyd Industries, LLC

Stout announced today that its client, Lloyd Industries, LLC (d/b/a LloydPans®), a portfolio company of Centre Lane Partners, LLC (Centre Lane Partners), has been sold to Cornerstone Foodservice Group, Inc., a portfolio company of ShoreView Industries. Stout served as exclusive financial advisor to LloydPans® and Centre Lane Partners in connection with this transaction. Based in Spokane, WA, LloydPans® manufactures branded, off-the-shelf and custom-built commercial-grade cooking, baking, and other products used in consumer and commercial kitchens and restaurants. Customers and end-users...

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26 Jul
Member News

Fifth Amendment Prohibits Use of Compelled Foreign Testimony in U.S. Criminal Trials

CLIENT ALERT 7/25/2017 The Second Circuit held in United States v. Allen, an appeal arising from the first U.S. prosecution in connection with the LIBOR manipulation scandal, that it violates a defendant’s Fifth Amendment privilege against self-incrimination to present an investigating grand or a trial jury with testimony that the defendant was compelled to give to foreign officials, regardless of whether the compelled testimony was presented directly or through another witness. On July 19, the U.S. Court of Appeals for the Second...

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26 Jul
Brexit News, Chapter News, News

State of play of Article 50 negotiations with the United Kingdom

The United Kingdom triggered Article 50 on 29 March 2017. What has happened since then on the EU side? On 29 March 2017, the United Kingdom notified the European Council of its intention to leave the European Union, in accordance with Article 50 of the Treaty on European Union. On 29 April 2017, the European Council at EU27 adopted a set of political guidelines, which define the framework for the negotiations and set out the EU's overall positions and principles. On 3...

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26 Jul
Chapter News

The Future of the EU: optimism is on the rise

Optimism about the future of the European Union and about the economic situation is on the rise, says the latest Eurobarometer survey, which polls citizens’ views in the EU. The image of the EU and trust in institutions are also recovering. Key trends of Spring 2017 Standard Eurobarometer have just been published. And they are good news as far as the vision of the future of the EU, the economic situation in the member states, trust in the EU and...

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25 Jul
Brexit News, Member News

Vulcan View: Key events this week

BREXIT New round of negotiations brings division over Brexit bill Last Monday marked the beginning of a new round of EU-UK Brexit negotiations and unsurprisingly, an impasse was hit on Tuesday over the size of Britain’s Brexit bill.  While both sides have admitted that the mood has improved substantially after London last week admitted that it does have obligations to the EU, the UK has been reluctant so far to suggest a figure. Estimates from Brussels range up to the €100bn mark...

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